Fertilizer mixtures, also referred to as mixed fertilizers, are physical combinations of straight fertilizers. They consist of two or three principal nourishing substances. Fertilizer mixtures are made systematically by blending the constituents, either physically or mechanically. Two kinds of fertilizer mixtures exist. These are closed formula fertilizer mixtures and open formula fertilizer mixtures.
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The worldwide fertilizer mixtures market is estimated to rise at a double figure CAGR during 2014 to 2020. Making use of fertilizer mixtures results in several benefits. All the desired nourishing substances can be provided at the same time, laborers and time are saved and costs of usage and storage are less. Additionally, fertilizer mixtures assist in adding micronutrients to the mixture.
They are simple to apply and have improved physical conditions. It is viable to counterbalance the remaining acidity by making use of neutralizing substances in fertilizer mixtures. All the aforementioned features of fertilizer mixtures work in favor of the fertilizer mixtures market and propel further demand for it. Fertilizer mixtures also have some drawbacks.
They are costlier than straight fertilizers. They are also not helpful if only one nourishing substance is needed by the crop. These features work against the fertilizer mixtures market and prevent it from progressing smoothly. Growing demand for these mixtures from their application sectors and consumer industries also propel further demand for the fertilizer mixtures market.
Asia Pacific is anticipated to be the most swiftly expanding market in the coming six years. North America is the second biggest client base of the fertilizer mixtures market.
Information Source: Radiant Insights